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Headwater ExplorationFRA:C6V +1.27%82 Return-on-Tangible-Equity is 19.07% as of Mar. 2026, which is 23% above its 10-year median of 15.51. GuruFocus rates FRA:C6V with a GF Score™ of 82/100 and a GF Value™ of €5.77 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 942 Oil & Gas companies, Headwater Exploration ranks better than 77.81% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Headwater Exploration's annualized net income for the quarter that ended in Mar. 2026 was €89.7 Mil. Headwater Exploration's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €470.4 Mil. Therefore, Headwater Exploration's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 19.07%.
The historical rank and industry rank for Headwater Exploration's Return-on-Tangible-Equity or its related term are showing as below:
FRA:C6V'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -27.08 Med: 15.51 Max: 34.45
Current: 18.67
During the past 13 years, Headwater Exploration's highest Return-on-Tangible-Equity was 34.45%. The lowest was -27.08%. And the median was 15.51%.
FRA:C6V's Return-on-Tangible-Equity is ranked better than 77.81% of 942
companies
in the Oil & Gas industry
Industry Median: 6.77
vs FRA:C6V: 18.67
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Headwater Exploration Return-on-Tangible-Equity Related Terms
Headwater Exploration Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Headwater Exploration's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:C6V vs COP, EOG, FANG: Return-on-Tangible-Equity Comparison
For the Oil & Gas E&P subindustry, Headwater Exploration's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Headwater Exploration Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Headwater Exploration's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Headwater Exploration's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 19.07% mean?
Headwater Exploration (FRA:C6V) has a Return-on-Tangible-Equity of 19.07% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Headwater Exploration and its competitors. This is 23% above median its historical median of 15.51. According to the industry distribution chart, Headwater Exploration ranks #209 out of 942 companies in the Oil & Gas industry, placing it in the top 22.2%.
Is Headwater Exploration's Return-on-Tangible-Equity too high?
Headwater Exploration's current Return-on-Tangible-Equity of 19.07% is 23% above median its 10-year median of 15.51. The Oil & Gas industry median Return-on-Tangible-Equity is 6.77. Headwater Exploration's value of 19.07% is 181.7% above this industry median. Based on the distribution chart, Headwater Exploration ranks #209 out of 942 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Headwater Exploration has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Headwater Exploration's Return-on-Tangible-Equity compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Headwater Exploration ranks #209 out of 942 companies for Return-on-Tangible-Equity. This places Headwater Exploration in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.77. Headwater Exploration's value of 19.07% is 181.7% above this benchmark. While the company's 10-year median is 15.51 vs. the industry median of 6.77, Headwater Exploration has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.77, based on 942 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Headwater Exploration's current Return-on-Tangible-Equity of 19.07% is 181.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Headwater Exploration and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Headwater Exploration's current Return-on-Tangible-Equity is 19.07%, which is 23% above median its own 10-year median of 15.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Headwater Exploration stock overvalued right now?
Based on GuruFocus' analysis, Headwater Exploration (FRA:C6V) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.77, compared to a current price of €7.95 — trading 37.8% above its estimated fair value. The current Return-on-Tangible-Equity is 19.07%, which is 23% above median its 10-year median of 15.51 and 181.7% above the Oil & Gas industry median of 6.77. Headwater Exploration's overall GF Score™ is 82/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Headwater Exploration (FRA:C6V), the current Return-on-Tangible-Equity is 19.07% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Headwater Exploration (FRA:C6V) Overvalued in 2026?
Based on GuruFocus' analysis, Headwater Exploration stock appears to be overvalued.
The current stock price of €7.95 is trading 37.8% above its estimated GF Value™ of €5.77.
GuruFocus considers Headwater Exploration to be Significantly Overvalued.
Key valuation signals for FRA:C6V:
Return-on-Tangible-Equity: 19.07% (23% above median its 10-year median of 15.51)
GF Value™: €5.77 vs. price of €7.95 (37.8% above fair value)
Industry Position: 181.7% above the Oil & Gas median (#209 of 942)
No single metric tells the full story. See the FRA:C6V stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Headwater Exploration Inc is a Canadian resource company engaged in the exploration for and development and production of petroleum and natural gas in Canada. The company has high quality oil production, reserves, and lands in the prolific Clearwater play in the Marten Hills, Greater Peavine and Greater Nipisi areas of Alberta as well as low decline natural gas production and reserves in the McCully Field near Sussex, New Brunswick. Its core operating areas are Clearwater fairway, Alberta and McCully Field, New Brunswick.
82GF Score
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